Southampton owners go into administration

Former FA Cup winners Southampton faced an uncertain future on Thursday when the holding company of the English championship (second division) club went into administration. In a statement to the Stock Exchange, Southampton Leisure Holdings Ltd said that administrators had been appointed but insisted that the football club was unaffected.
The football clubs chief executive and former chairman Rupert Lowe, chairman Michael Wilde and director Andrew Cowen have resigned as directors of the parent company. Under Football League rules clubs entering administration are deducted 10 points, a sanction that would mean almost certain relegation for Southampton who are currently second-last in the Championship, three points from safety.